The report forecasts the global ice skating equipment market to grow at a CAGR of 1.51% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global ice skating equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of ice skating equipment to individual consumers and to skating rinks.

One of latest trends in the market is advent of designer ice skates. A growing interest in ice skating has led key vendors to innovate and introduce new products and ice skating equipment for fashion-conscious consumers across the globe. These products, including designing innovations in ice skates, not only provide consumers with a convenient and comfortable skating experience, but also give the ice skating equipment market a much required boost in terms of fashion. Major innovations in ice skates have come in the form of their designer versions.

According to the report, one of the primary drivers in the market is fitness benefits associated with ice skating. Ice skating may be losing out on popularity when it comes to its adoption as an outdoor sport or activity, but the sport has been gaining pace when it comes to maintaining fitness levels. The addition of ice skating to an exercise program offers several health benefits to the user. Ice skating acts as an effective cardiovascular workout and endurance and strength training tool to build strong muscles in legs and pelvic region. Balance and coordination can also be highly improved with the practice of regular ice skating.

Further, the report states that one major challenge in the market is unfavorable weather conditions.